New Mexico Statutes 53-6-8. Professional relationships preserved
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The Professional Corporation Act does not modify the legal relationships, including confidential relationships, between a person performing professional services and the client or patient who receives such services; but the liability of shareholders shall be otherwise limited as provided in the Business Corporation Act [Chapter 53, Articles 11 to 18 NMSA 1978] and as otherwise provided by law.
Terms Used In New Mexico Statutes 53-6-8
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.